DRC expands former-producing Afton mine
Vancouver — With $5 million in its coffers, DRC Resources (DRC-V) is busy expanding the resource at the Afton copper-gold project, near Kamloops, B.C.This year’s $1.1-million drilling campaign, which…
2002
CAMESE holds AGM
Patrick Evans, president of SouthernEra Resources, will speak at the annual meeting of the Canadian Association of Mining Equipment and Services for Export (CAMESE), scheduled for Aug. 21 at the Royal…
Pacific Rim options Cerro Gaspar (August 19, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has inked a deal to earn a 60% interest in the Cerro Gaspar project in northeastern El Salvador from Brett Resources (brn-v).The company can do so by spending U…
SouthernEra expands presence in Bushveld
SouthernEra Resources (SUF-T) and its South African-based partner, Mvelaphanda Resources, are preparing to explore three platinum group metals properties in the Bushveld igneous complex.Dubbed Rooibok…
Canadian Stock Exchange Indices (August 19, 2002)
DateAugust 13August 12August 9August 8August 7HighLowTSX Composite6528.986571.446645.926612.16…
Anglo American to pay for AIDS drugs
Anglo American says it will pay for antiretroviral drugs for employees suffering from HIV/AIDS.The program could cost as much as R16.8 million (US$1.6 million) in the first year. In addition to extend…
Partners cut more kimberlite at Tichegami (August 19, 2002)
Drilling by Pure Gold Minerals (PUG-T) has cut a second kimberlite body on the Tichegami project in Quebec’s Otish Mountains region.The discovery hole targeted a well-defined airborne and ground magne…
Lending Rates (August 19, 2002)
as of 4 pm ET, Aug. 13, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.73LIBOR US$ 6-month1.69LIBOR US$ 1-year1.74Gold lease 3-month0.28Gold leas…
Pacific Rim cuts high-grade at El Dorado (August 19, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has cut high-grade gold at the El Dorado project in El Salvador.The announcement follows the receipt of assay results for the bottom 70 metres of hole P02-204, …
Gold price lifts majors
The U.S.-listed gold majors all posted strong gains over the report period ended Aug. 13 as gold prices jumped $8.45 to US$316.25 per oz.: Newmont Mining rose 95 to US$24.95; AngloGold added $1.17 to…
Imperial Metals cuts high grade at Sterling (August 19, 2002)
Vancouver — Imperial Metals (III-V) has released high-grade assay results from the first three holes drilled in a 6-hole program at the Sterling mine, near Beatty, Nev.The diamond drill program teste…
LME Warehouse Levels (August 19, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 13 (change from August 6 in brackets):MetalStock (tonnes)ChangeAluminium1297275…